tag:blogger.com,1999:blog-4195560546650667835.post6028258531104300130..comments2023-07-28T17:30:54.368+05:30Comments on The Ultimate Momentum Signal: Update on The Ultimate Momentum Signal - 30th Aug. 2010Unknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4195560546650667835.post-36376104217830809482010-08-30T10:54:25.406+05:302010-08-30T10:54:25.406+05:30Hello Vaib,
"Since for the lowest score (-10...Hello Vaib,<br /><br />"Since for the lowest score (-100) the close is above 5410," <br /><br />Here is a correction ! Its not above, its at or below the level 5417. OK ?<br /><br />It just implies that a close by the future at or below the 5417 on 30th Aug will correspond to a -100 value for the MS system. Now you may also see that any close at or below 5459 gives a MS value of -50 to -100. <br /><br />Let me make it's clear. I have no idea or confidence about using the projected closing ranges in according to the applicable MS values as a tool for intra-day trading. The MS is envisaged as a one stop tool to find the momentum direction, something which can be used as a trend following tool. It helps a trader if and when a trend is available. Markets have different phases. Sometimes it stalls. Sometimes it trades in ranges. For the past month or so it is trading in a range. Look at the market internals of the Nifty index too. Some stocks hit new highs. Some the six month lows. Hope I have clarified your question.<br />As far as possible I am trying to provide the explanations for what happened in the market and what may happen and the reasons therefore in the daily posts.momentumsignalhttps://www.blogger.com/profile/07905165023569333897noreply@blogger.comtag:blogger.com,1999:blog-4195560546650667835.post-30548744791272311212010-08-30T03:15:43.321+05:302010-08-30T03:15:43.321+05:30Hello
I have a query on projected scores for tmrw...Hello<br /><br />I have a query on projected scores for tmrw on the basis of close. Since for the lowest score (-100) the close is above 5410, can we infer that this signal indicates of nifty trading above 5410 in +ve region?<br /><br />Vaibvaibhttps://www.blogger.com/profile/14002893797975074792noreply@blogger.com